Granite Ridge Resources posts investor deck outlining operated partnerships strategy targeting >25% IRR
GRNT•Strategy and return targets
Granite Ridge outlined a strategy focused on U.S. short-cycle oil and gas investments targeting >25% full-cycle IRRs, with free cash flow expected in 2027.
Capital allocation and operating model
Spending mix was skewed to operated partnerships, with about 90% of 2026 D&C capital allocated to that model for greater capital control.
Recent production and valuation metrics
- Q2 2026 production totaled 32,044 Boe/d
- Commodity mix was 51% oil, 49% gas
- Leverage ratio was 1.4x
- Presentation cited a 9.4% dividend yield based on an annualized USD 0.44 per share dividend
- EV/2026E EBITDAX multiple of 2.8x
2026 guidance
- Net production: 34,000-36,000 Boe/d with
